270 Everett Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 0 bed, 0 bath
Loading property details...
Palo Alto, California 94301
Analysis of 270 Everett Avenue, Palo Alto, California 94301 is currently available with a list price of $2,300,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1931, the property features refreshed kitchens and bathrooms in all three units and is fully leased with strong tenant demand. The inclusion of in-unit laundry and its functional, move-in ready status for tenants aligns with a well-maintained 'Good' rating despite the building's overall age.
High School: Palo Alto High School (9/10).
Situated just steps from downtown Palo Alto and less than a mile from Stanford University, this property commands premium rental rates and ensures consistent tenant demand in a high-barrier-to-entry market.
The building features three updated 1-bedroom units with refreshed kitchens, modern baths, and the highly desirable addition of in-unit laundry, minimizing immediate capital expenditure for an investor.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2096, other record living area = 1922.
With a lot size of only 2,432 square feet for a triplex, the property offers very limited outdoor space and restricted potential for future footprint expansion or additional ADU development.
Built in 1931, the property may possess aging underlying systems such as plumbing or electrical that, despite cosmetic updates, could require significant maintenance investment over time.
Exceptional investment opportunity in the heart of Downtown Palo Alto. Updated three unit building featuring three 1 bedroom, 1 bath units, each with refreshed kitchens and baths plus in-unit laundry for each. Two units enjoy private outdoor patios. One unit includes an attached garage for storage. Fully leased building with consistent, strong tenant demand. Ideally located just steps from downtown dining and shops, and less than a mile from Stanford University, Stanford Hospital and Stanford Shopping Center, plus easy commute to Silicon Valley tech companies. Its unmatched location and consistent tenant appeal make it a compelling choice for investors seeking reliable income and longterm upside in a great downtown Palo Alto location.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,096 | 2,096 | 50% |
| Lot Size | 2,432 | 6,800 | 33% |
| Price | $2.30M | $3.12M | 33% |
| Price per sq ft | $1.1K | $1.4K | 33% |
| Built year | 1931 | 1931 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 85 | 33% |
Apr 19, 2026
$2,300,000
$2,700,000
-15% Price Drop
Initial Listing
Mar 19, 2026
$2,700,000
Initial Listing